The global recycled concrete aggregates market value was recorded at USD 9,053.7 million in 2023. Over the next decade (2023 to 2033), global recycled concrete aggregate sales are likely to soar at a healthy CAGR of 8.0%. Total market valuation at the end of 2033 is expected to reach around USD 19,500.1 million.
Key Market Shaping Factors:
Recycled concrete aggregates (RCAs) are materials obtained from the demolition of old concrete structures such as buildings, bridges, and roads. These materials are then crushed and screened into different sizes suitable for use in various construction applications.
Recycled concrete aggregates are sustainable and eco-friendly construction materials that are experiencing significant growth due to various factors.
The adoption of recycled concrete aggregates is increasing due to the growing demand for sustainable construction practices. As construction companies become more aware of the environmental impact of their projects and seek to reduce their carbon footprint, they are shifting towards RCAs.
Recycled concrete aggregates offer an eco-friendly alternative to traditional building materials, conserving natural resources and reducing waste in the construction industry.
With their durability and ability to withstand harsh conditions, RCAs are commonly used in road and pavement applications. They meet or exceed industry standards and have thus become reliable and long-lasting materials for construction projects.
| Attributes | Key Insights |
|---|---|
| Recycled Concrete Aggregates Market Value in 2022 | USD 8,478.7 million |
| Estimated Market Value (2023E) | USD 9,053.7 million |
| Projected Market Size (2033F) | USD 19,500.1 million |
| Value CAGR (2023 to 2033) | 8.0% |
| Collective Value Share: Top 3 Region (2023) | 80% to 85% |
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From 2018 to 2022, the consumption of recycled concrete aggregates worldwide increased at a CAGR of 7.6%. Over the projection period, Future Market Insights (FMI) estimates global recycled concrete aggregate demand to rise at 8.0% CAGR.
Growth in the market is driven by growing demand for sustainable construction materials, as well as a focus on reducing waste in the construction industry.
The market will also expand due to government regulations and initiatives aimed at reducing carbon emissions and promoting sustainability.,
The rising domestic demand, increased use of recycled concrete aggregates in power generation and other industries is also expected to boost the market through 2033.
Principal Consultant
The global recycled concrete market is driven by various factors. This includes environmental concerns, need for sustainable construction practices, and government initiatives aimed at reducing waste and promoting sustainability.
Environmental Concerns and Government Initiatives to Boost the Market
The construction industry is a key contributor to global carbon emissions, and the use of recycled concrete can help to reduce the industry's environmental impact.
Recycled concrete aggregates are made from materials that would otherwise end up in landfills, reducing the amount of waste generated by construction projects.
Various governments around the world are implementing regulations and initiatives aimed at reducing waste and promoting sustainability in the construction industry. This in turn is creating a fertile ground for the development of recycled concrete aggregates industry.
Growing Popularity of Sustainable Construction Practices to Elevate Recycled Concrete Aggregate Demand
As more companies and governments seek to reduce their environmental impact, there is a growing demand for sustainable construction practices and materials.
Recycled concrete aggregates are a sustainable alternative to traditional aggregates, providing similar performance while reducing the need for new natural resources. They are expected to give tough competition to virgin materials thanks to their various advantages.
Cost Savings and Durability to Create Opportunities for Recycled Concrete Aggregate Companies:
Using recycled concrete aggregates can be cost-effective, as it reduces the need for new aggregates and can lower transportation costs. Further, recycled concrete aggregates are often less expensive than traditional aggregates.
Recycled concrete aggregates are often more durable than traditional aggregates, as they have already undergone the hardening process. This makes them well-suited for use in construction applications where durability is a key consideration, such as road construction and building foundations.
Investments in Advanced Concrete Technologies and Production of Recycled Materials Helping Companies to Gain Profits
The global market for recycled concrete aggregates has several opportunities for growth and development. One of the main opportunities is the increasing demand for sustainable construction materials and practices.
The use of recycled concrete in construction can reduce the need for virgin aggregates. It can help minimize waste and reduce the environmental impact of the construction industry. This can be particularly important as more companies are seeking to meet sustainability targets and increase their use of sustainable materials.
The availability of recycled concrete aggregates can help companies achieve these goals while also reducing their costs and improving their bottom line.
Another opportunity for the global market is the growing need for infrastructure development globally.
Several emerging economies require new infrastructure to support their growing populations and economies. The use of recycled concrete can provide a cost-effective and sustainable solution for infrastructure development, which can increase the demand for recycled concrete aggregates.
As more governments and private companies invest in infrastructure projects, demand for recycled concrete aggregates is likely to increase, providing new opportunities for growth in the market.
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The global recycled concrete aggregates (RCAs) market is facing various challenges that are limiting its expansion. One of the primary challenges is the lack of awareness among consumers and construction companies regarding the benefits of using RCA.
Various consumers and construction companies are still unaware of the environmental and economic advantages of using RCAs, which can limit their adoption.
Another factor that is restraining the growth in the market is the variability in the quality of recycled concrete material.
The quality of recycled concrete can vary widely, depending on the source of the material and the processing techniques used. This variability can lead to inconsistent performance, which can deter construction companies from using RCAs in their projects.
The lack of standardization and certification processes in the RCA market is also a challenge. It is making it difficult for consumers and construction companies to verify the quality and performance of the material.
Finally, the availability of raw materials can also be a constraint in the RCA market, as the supply of recycled concrete material can fluctuate based on the level of demolition activity in a particular region.
Overall, these factors are limiting the growth of the global RCA market, and addressing them will be crucial for the continued adoption of RCAs in the construction industry.
Rise in Construction Activities Propelling Recycled Concrete Aggregate Demand in China
According to Future Market Insights (FMI), China accounts for over 60% value share of the Asia Pacific market. Over the next ten years, China recycled concrete aggregates market is projected to expand at 8.4% CAGR through 2033.
Asia Pacific countries, especially China are experiencing rapid urbanization, with a growing population and increasing demand for infrastructure development. This is leading to a significant increase in construction activities, which in turn, is driving the demand for recycled concrete aggregates.
The China government is promoting the use of recycled concrete aggregates in construction activities to reduce the environmental impact of construction and demolition waste. This will continue to elevate recycled concrete aggregate demand in China through 2033.
There is a growing awareness among the construction industry and consumers about the benefits of using recycled concrete aggregates. These include reduced carbon footprint, lower costs, and better durability.
China has a significant amount of construction and demolition waste, which provides a ready supply of raw materials for the production of recycled concrete aggregates.
Increasing investments in infrastructure development across China is expected to drive the demand for construction materials, including recycled concrete aggregates.
Adoption of Sustainable Construction Practices Making Recycled Concrete Aggregates Popular in the United States
North America and Central America account for more than 11% of value shares of the global market. Within North America & Central America, the United States remains the most prominent market for recycled concrete aggregates.
Growth in the United States market is driven by various factors. This includes the increasing demand for sustainable construction practices and supportive regulatory environments.
Similarly, the availability of raw materials, and surge in construction activities due to urbanization will boost demand through 2033.
Growing focus on reducing carbon emissions and promoting sustainable construction practices are expected to bolster recycled concrete aggregate sales in the country.
The high rates of construction and demolition activities in the country also generate a significant amount of waste concrete that can be recycled into RCAs, providing a reliable source of raw materials.
The durability and strength of RCAs make them a suitable alternative to traditional building materials in road and pavement applications. Overall, the combination of these factors is expected to continue driving RCA demand in the United States.
Gravel & Crushed Stone Remains Top Revenue-Generation Product Type
Based on product type, gravel and crushed stone segment dominate the global market with more than 45% value shares. It remains the key revenue-generation segment for recycled concrete aggregate manufacturers.
Gravel is a coarse aggregate that is composed of small rock fragments. It is commonly used in construction projects that require drainage, such as roadways and foundation drains. Crushed stone, also known as angular rock, is another type of coarse aggregate that is commonly used in construction projects
The popularity of gravel and crushed stone in the recycled concrete aggregates market stems from their versatility and ability to provide excellent drainage and load-bearing properties. They are widely used in various construction projects, including roadways, driveways, and foundations, as well as for decorative purposes in landscaping.
With the growing demand for sustainable building materials, the utilization of recycled concrete aggregates is expected to increase, and the dominance of gravel and crushed stone products is expected to continue.
Road & Pavement Construction to Remain the Most Lucrative Application
By application, road & pavement is generating more than 67% of revenue in the global market. Recycled concrete aggregates (RCAs) are in high demand for road and pavement applications globally due to their availability, cost-effectiveness, sustainability, durability, and performance.
The products are obtained from the demolition of old concrete structures and provide reliable, long-lasting materials for construction projects. The use of RCAs in road and pavement applications reduces the need for virgin materials, promotes sustainable construction practices, and minimizes waste sent to landfills.
Recycled concrete aggregates are known to withstand heavy traffic loads and harsh weather conditions, making them ideal materials for road and pavement construction. Overall, the use of RCAs in road and pavement applications is increasingly popular due to their numerous benefits and ability to meet sustainability goals.
The global market is highly fragmented with several leading manufacturers holding limited shares in the market. Top-5 players identified in the report are anticipated to hold more than 24% of the overall market share only.
Rest 79% of the market share is anticipated to be distributed along local and regional players. Key market participants are targeting emerging economies with fresh regulations over recycled concrete aggregates to boost their revenue and market presence. Small and medium-sized manufacturers are focusing on providing cost-effective, and value-for-money products to improve their market penetration. For instance,
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 9,053.7 million |
| Projected Market Value (2033) | USD 19,500.1 million |
| Anticipated Growth Rate (2023 to 2033) | 8.0% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Bcm for Volume |
| Key Regions Covered | North & Central America; South America; Northern Europe; Southern & Western Europe; CIS & Eastern Europe; Middle East; Africa and Asia Pacific |
| Key Market Segments Covered | Product Type, Form, Application, End Use, and Region |
| Key Companies Profiled | Heidelberg Cement AG; CEMEX SAB de CV; Vulcan Material Company; LafargeHolcim Ltd.; CRH Plc; Tarmac Group; Top Grade Site Management LLC; Southern Crushes Concrete, LLC; Big city crushed Concrete |
The global recycled concrete aggregates market size reached USD 8,478.7 million in 2022.
The global recycled concrete aggregates market value is estimated to reach USD 9,053.7 million in 2023.
The worldwide recycled concrete aggregates industry market is expected to reach a valuation of USD 19,500.1 million in 2033.
The global market exhibited a value CAGR of 7.6% over the last four years.
Global recycled concrete aggregate demand is forecast to increase at around 8.0% CAGR through 2033.
Roads & pavement application segment is estimated to consume more than 64% of the global market.
1. Executive Summary | Recycled Concrete Aggregates Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type 9.1. Sand 9.2. Gravel and Crushed Stone 9.3. Cement Concrete 9.4. Asphalt Pavement Debris 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Form 10.1. Unprocessed 10.2. Processed 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application 11.1. Roads & Pavement 11.2. Bridges 11.3. Bulk Fills & Riverbank Protection 11.4. Concrete Manufacturing 11.5. Others 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use 12.1. Residential 12.2. Non-residential 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 13.1. North & Central America 13.2. South America 13.3. Northern Europe 13.4. Southern & Western Europe 13.5. CIS & Eastern Europe 13.6. Middle East 13.7. Africa 13.8. Asia Pacific 14. North America & Central America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Northern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Southern & Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. CIS & Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Middle East Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Country-wise Market Analysis 23. Market Structure Analysis 24. Competition Analysis 24.1. CRH Plc 24.2. Vulcan Material Company 24.3. LafargeHolcim Ltd. 24.4. Heidelberg Cement AG 24.5. CEMEX SAB de CV 24.6. Top Grade Site Management LLC 24.7. Tarmac Group 25. Primary Survey Analysis 26. Assumptions and Acronyms Used 27. Research Methodology
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Recycled Concrete Aggregates Market
